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Thread: Consignment processing on Pastel

  1. #1
    Email problem
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    Consignment processing on Pastel

    Hi there,

    We only work with 2 consignment customers, of which I have only now had to face working with on Pastel.

    From a bookkeeping/accounting point of view, what is the best way to process this?

    The customer makes partial payments throughout the year as he sells stock. I have to make an invoice for those sales without a stock movement report.

    I did the following:

    1. Make out an invoice for the entire value of stock sent
    2. Credit the customer for damaged stock and stock returned

    The balance of the invoice is the sum of SALES made and STOCK ON HAND.

    I receive a Stock on Hand report, but I don't want to subtract this, as the customer may return or sell this stock and payments/credit notes will have to be credited against the account in future. This will give the wrong balance as to what the customer still owes and he will always be in credit.

    Does this logic make sense?

    Thanks

  2. #2
    Site Caretaker Dave A's Avatar
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    I'm not sure of how you would do this in Pastel, but I'd be inclined to treat the client's premises as a stock centre.

    Deliveries from your stores to the client's stores would be a stock transfer between stock centres.
    Stock returns would also be a stock transfer if reusable, or expensed under impairments etc. if not.
    Stock sold by the client would result in an invoice to the client's (debtors) account.

  3. #3
    Diamond Member Neville Bailey's Avatar
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    Dave is absolutely correct.

    In order to achieve this in Pastel, you will need to have the Multi-Warehousing module installed.

    Send me a PM or email if you would like to explore this further.
    Neville Bailey - Sage Pastel Accounting Consultant
    www.accountingsoftwaresupport.co.za
    neville@accountingsoftwaresupport.co.za
    IronTree Online Solutions

    "Give every person more in use value than you take from them in cash value."
    WALLACE WATTLES (1860-1911)

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